@Nutanix Inc (NASDAQ:NTNX) President @Sudheesh Nair Vadakkedath sold 40,000 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $33.94, for a total transaction of $1,357,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Sudheesh Nair Vadakkedath also recently made the following trade(s):
On Monday, February 5th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The stock was sold at an average price of $30.35, for a total transaction of $1,214,000.00.On Monday, January 22nd, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The stock was sold at an average price of $35.52, for a total transaction of $1,420,800.00.On Monday, January 8th, Sudheesh Nair Vadakkedath sold 40,000 shares of Nutanix stock. The stock was sold at an average price of $36.87, for a total transaction of $1,474,800.00.On Tuesday, December 26th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The stock was sold at an average price of $34.35, for a total transaction of $1,717,500.00.On Tuesday, December 12th, Sudheesh Nair Vadakkedath sold 90,000 shares of Nutanix stock. The stock was sold at an average price of $35.29, for a total transaction of $3,176,100.00.On Monday, November 27th, Sudheesh Nair Vadakkedath sold 50,000 shares of Nutanix stock. The stock was sold at an average price of $34.07, for a total transaction of $1,703,500.00.
Shares of Nutanix Inc (NASDAQ:NTNX) traded up $0.02 during trading hours on Thursday, hitting $34.85. 3,777,320 shares of the stock traded hands, compared to its average volume of 3,420,381. The stock has a market capitalization of $5,590.00 and a P/E ratio of -14.40. Nutanix Inc has a 1-year low of $14.38 and a 1-year high of $38.80.
Nutanix (NASDAQ:NTNX) last issued its earnings results on Thursday, November 30th. The technology company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.10. Nutanix had a negative net margin of 40.81% and a negative return on equity of 271.31%. The business had revenue of $275.60 million for the quarter, compared to the consensus estimate of $267.02 million. During the same quarter in the previous year, the firm earned ($0.37) earnings per share. The business’s quarterly revenue was up 46.1% compared to the same quarter last year. analysts predict that Nutanix Inc will post -1.71 earnings per share for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Scott & Selber Inc. acquired a new stake in shares of Nutanix in the third quarter valued at about $1,398,000. California State Teachers Retirement System lifted its stake in shares of Nutanix by 47.3% in the third quarter. California State Teachers Retirement System now owns 90,900 shares of the technology company’s stock valued at $2,035,000 after purchasing an additional 29,200 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of Nutanix in the third quarter valued at about $441,000. Great West Life Assurance Co. Can lifted its stake in shares of Nutanix by 1,837.8% in the third quarter. Great West Life Assurance Co. Can now owns 71,700 shares of the technology company’s stock valued at $1,602,000 after purchasing an additional 68,000 shares during the period. Finally, Cowen Prime Services LLC lifted its stake in shares of Nutanix by 33.7% in the fourth quarter. Cowen Prime Services LLC now owns 20,450 shares of the technology company’s stock valued at $721,000 after purchasing an additional 5,150 shares during the period. Hedge funds and other institutional investors own 38.31% of the company’s stock.
Several research analysts have issued reports on NTNX shares. ValuEngine downgraded shares of Nutanix from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Zacks Investment Researchdowngraded shares of Nutanix from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Raymond James Financial raised shares of Nutanix from a “market perform” rating to an “outperform” rating and set a $32.00 price objective on the stock in a research report on Monday, November 6th. JPMorgan Chase & Co. downgraded shares of Nutanix from a “neutral” rating to an “underweight” rating and set a $35.00 price objective on the stock. in a research report on Thursday, January 25th. Finally, Oppenheimer reissued a “buy” rating and set a $43.00 price objective on shares of Nutanix in a research report on Tuesday, January 9th. Four analysts have rated the stock with a sell rating, five have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $36.00.
Nutanix Company Profile
Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
https://stocknewstimes.com/2018/02/22/nutanix-inc-ntnx-president-sells-1357600-00-in-stock.html
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